Wednesday , December 8 2021

Deputies signed the Budget Bill …



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The House of Representatives eventually turned the 2021 Budget into law, after the serious procedure suffered by the rules in the National Senate. The roadmap prepared by Economy Minister Martín Guzmán for economic recovery envisages a 5.5% increase in GDP, a significant reduction in debt interest payments and a strong public works plan for all countries. country.

“Thank you for the support we have given to Congress in this key step that is paving the way for us: a growing Argentina that provides work and security,” Guzman said after approving the project, adding: “the recovery of activity with macroeconomic stability is on the horizon; the budget, tool and pillar of our strategy ”.

Raúl Rigo, Secretary of the Treasury, stressed the “strong commitment of the national government to promote the economic growth of the national government, guarantee and expand the rights of all citizens and support the affected sectors of the pandemic.”

The project, which envisages the resources and expenditures planned for next year by the Executive Branch, received 139 votes in favor, 20 against and 83 abstentions: the ruling party voted in favor of the initiative, abstained from Together for Change and the Civic Coalition and the Left Front voted against.

As a result of an administrative error, the first budget of Alberto Fernandez’s government took another week to punish him. The issue was sent to the Senate in the text, after half of the deputies were half-punished on October 29, with 33 forms of public works in the province missing due to a loading problem.

Therefore, the lower house had to confirm it. Carlos Heler, national deputy of the Frente de Todos, clarified “the content of what was discussed did not change at all “in the first session.

Budget axes

The so-called law provides for 2021 economic growth of 5.5% of GDP, inflation of 29%, an average of $ 102.4 and a deficit of 4.5 percent.

The government anticipates that an engine of recovery will come at the hands of a hard-working town plan, and for that capital expenditures will double to 2.2% of GDP.

On the contrary, predicts a significant reduction in debt interest payments, following an agreement reached with private creditors. While they accounted for 3.5% of GDP in 2019, they will reach 1.5 percent for next year.

For his part, social spending covers 65% of all resources earmarked in the project. There are $ 5.5 trillion to pay for pensions and social assistance, including food programs, the social economy.

That is the key advance of this budget inserts a gender perspective, in which the value of the care economy and the important contribution it makes to the economy are recognized. About 15% of the total planned expenditure is aimed at reducing the differences between the differences.

This was determined by the Ministry of Women, Gender and Diversity (MMGyD) Funding for the body responsible for gender and diversity policies has increased 13 times, compared to the previous management.

In Public health It expects growth of 49% compared to 2019, with an investment of 0.5% of GDP. Also in Education and Connectivity resources increase by 11 percent in real terms compared to the last year of Mauricio Macri’s government, with an investment of 1.3 percent of GDP.

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